News articles about Convergys Corporation (NYSE:CVG) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Convergys Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.1460021125401 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
CVG has been the subject of several research analyst reports. ValuEngine downgraded shares of Convergys Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised shares of Convergys Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, TheStreet raised shares of Convergys Corporation from a “c+” rating to a “b-” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.00.
Convergys Corporation (NYSE:CVG) opened at 23.72 on Monday. Convergys Corporation has a 12-month low of $20.15 and a 12-month high of $30.57. The firm has a market cap of $2.21 billion, a P/E ratio of 16.75 and a beta of 1.03. The company has a 50-day moving average price of $23.60 and a 200-day moving average price of $23.06.
Convergys Corporation (NYSE:CVG) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The firm had revenue of $686.80 million for the quarter, compared to analyst estimates of $687.91 million. Convergys Corporation had a return on equity of 14.46% and a net margin of 4.90%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, analysts predict that Convergys Corporation will post $1.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 21st. Convergys Corporation’s payout ratio is presently 28.37%.
In other news, Director Jeffrey H. Fox sold 43,609 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $23.53, for a total transaction of $1,026,119.77. Following the completion of the sale, the director now directly owns 338,804 shares in the company, valued at approximately $7,972,058.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andre S. Valentine sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $23.52, for a total value of $235,200.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Convergys Corporation Company Profile
Convergys Corporation is engaged in customer experience outsourcing. The Company’s geographical segments include North America and Rest of World. The Company offers services across industries, including communications and media, technology, financial services, retail, government and healthcare. The Company helps businesses to create customer experiences across multiple interaction channels, such as voice, chat, e-mail and interactive voice response.
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